Trade Report: Today, HSBC Cuts Great Portland Estates PLC (GPOR) Price Target to GBX 664

Today, HSBC Cuts Great Portland Estates PLC (GPOR) Price Target to GBX 664

Great Portland Estates PLC (LON:GPOR) had its price target decreased by equities research analysts at HSBC from GBX 702 ($8.71) to GBX 664 ($8.24) in a report released on Tuesday. The firm currently has a “hold” rating on the stock. HSBC’s price objective suggests a potential upside of 10.58% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Peel Hunt restated an “add” rating and issued a GBX 725 ($8.99) price objective on shares of Great Portland Estates PLC in a research report on Tuesday, October 11th. Numis Securities Ltd lowered their price objective on shares of Great Portland Estates PLC from GBX 888 ($11.02) to GBX 734 ($9.11) and set an “add” rating for the company in a research report on Tuesday, August 16th. Deutsche Bank AG lowered their price objective on shares of Great Portland Estates PLC from GBX 900 ($11.16) to GBX 750 ($9.30) and set a “buy” rating for the company in a research report on Tuesday, September 13th. Liberum Capital restated a “hold” rating and issued a GBX 640 ($7.94) price objective on shares of Great Portland Estates PLC in a research report on Tuesday, November 1st. Finally, Jefferies Group lowered their price objective on shares of Great Portland Estates PLC from GBX 650 ($8.06) to GBX 563 ($6.98) and set a “hold” rating for the company in a research report on Thursday, October 27th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 743.11 ($9.22).

Shares of Great Portland Estates PLC (LON:GPOR) opened at 602.00 on Tuesday. The company has a 50 day moving average of GBX 607.72 and a 200 day moving average of GBX 660.13. Great Portland Estates PLC has a 12 month low of GBX 534.50 and a 12 month high of GBX 890.50. The stock’s market cap is GBX 2.06 billion.

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, November 24th will be given a GBX 3.70 ($0.05) dividend. This represents a dividend yield of 0.59%. The ex-dividend date is Thursday, November 24th.

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